Tequity sells part of Cybercom Group

Tequity and JCE Group acquired Cybercom Group in a buy-out from the stock exchange in 2015. Cybercom has evolved to one of the best positioned Swedish IT-companies with 1300 employees in Digitalization, IoT, Secure and Cloud Services. In 2018, Cybercom reported strong organic growth of 15% to 1,68 billion SEK in revenues and operating profit improved to 162 million SEK.

The deal means that Formica Capital is new majority owner with 51% of the shares. JCE Group and Tequity reduce their holdings after the buy-out, but remain as active long-term owners with 41% respectively 6% of the shares in Cybercom Group. Formica Capital is committed to execute Cybercoms new strategic plan with a growth of at least 30% the next three years. To further support the growth plan and enable add-on acquisitions, Cybercom now has three strong owners in Formica Capital, JCE Group and Tequity along with committed management and key persons.

Cybercom invited all co-workers to share their expertise at its own innovation expo in a large summit to celebrate the company’s success

About Tequity

Tequity is a private technology investor in Internet of Things and energy efficiency. Tequity makes selected long-term investments in established companies with a strong international growth potential and possible public listing. Tequity is owned by the entrepreneur Tekn. Dr Nicolas Hassbjer, founder of HMS Networks AB (publ). www.tequity.se

About Formica Capital

Formica Capital is a Swedish investment company with a long-term ownership strategy, owned by the Olsson Eriksson family. Formica Capital creates value growth by being an active owner in profitable and long-term sustainable companies that have a positive impact on society as a whole. www.formicacapital.se

About JCE Group

JCE Group is a privately owned, diversified investment company based in Gothenburg. JCE has a strong history of creating successful companies since it started in 1971 and today, through its holdings, has over 4,000 employees around the world. JCE invests in both listed and unlisted companies and has a broad investment portfolio with companies including IT services, software and manufacturing. www.jcegroup.se